60% Buy to Let Mortgages
60% Buy to Let Mortgages – 60% buy to let mortgages are mortgages for buy to let property at 60% loan to value ratio. With 60% buy to let mortgages, a deposit worth 40% of the buy to let property is required. For example, a 60% mortgage on a purchase or remortgage of a home for £100,000 would mean you pay a 40% deposit of £40,000 and obtain a 60% mortgage for £60,000. 60% buy to let mortgages enable individuals to purchase a buy to let property for letting purposes or to convert a residential property to a buy to let.
Borrowers who obtain 60% buy to let mortgages will have relatively larger equity in their home as opposed to higher loan to value buy to let mortgages. By owning a significant equity of the buy to let property, borrowers may have access to a range of competitive rates.
With a range of lenders offering 60% buy to let mortgages, navigating through these deals can often be time consuming and complex. Our team at Capital Fortune can assist you. We have listed a selection of 60% buy to let mortgages below. However the lowest headline rate can be misleading as it may necessarily be the overall cost effective deal for you. This is mainly because the headline rate shown may not include hidden costs and charges.
Our advisers at Capital Fortune will be on hand to assist you find the most suitable and affordable 60% buy to let mortgages deals. We view all packages holistically and will only recommend a product that meets your needs and requirements. Our dedicated team will offer constant guidance and advice throughout your application and beyond.
The Financial Conduct Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.